Algoma news today. Catharines, Ontario, March 19, 2026 – Algoma Central...
Algoma news today. Catharines, Ontario, March 19, 2026 – Algoma Central Corporation (“Algoma” or the “Company”) (TSX:ALC), a leading provider of marine transportation services, announced today that the Toronto Stock Exchange (“TSX”) has accepted its notice of intention to proceed with the renewal of its normal course issuer bid (the “NCIB”). Algoma’s Board of Directors believes that […] 4 days ago · ST. tariff rate as one reason it has applied to a government loan program. Sep 29, 2025 · MARIE, Ontario, Sept. Marie company $500 million to weather U. "On Dec. Marie plate and sheet producer provided guidance, or its Jul 16, 2024 · Garcia responded that Algoma Steel strives to have a perfect environmental record and it disappoints him that it falls short of that goal. 6 days ago · East Algoma OPP – 19 Drivers Charged for Driving on Closed Highway in 1hr 45min! Stay current with all the latest and breaking news about Algoma District, compare headlines and perspectives between news sources on stories happening today. According to an official, the house was fully engulfed when firefighters arrived on the scene. is a steel producer of hot and cold-rolled steel sheet and plate products based in Sault Ste. SooToday has spoken with the presidents of both unions – local 2724 and local 2251 – who Sep 29, 2025 · Algoma Steel receives $500M in government loans to aid transition in steel markets The available liquidity will help Algoma transition away from the U. Feb 14, 2024 · Today Algoma is investing in its people and processes, working safely, as a team to become one of North America’s leading producers of green steel. Algoma announced 1,000 job cuts in Dec. Steel says Algoma agreed to purchase the iron ore Dec 18, 2025 · Before McLean sent Steven Seagull off to Sudbury, she said the group of Algoma Steel workers reached out several times to see how their friend was doing. Oct 30, 2025 · But speaking today via teleconference to institutional investors, Garcia painted Algoma as a critical part of Prime Minister Mark Carney's plan to fast-track big infrastructure and industrial Dec 2, 2025 · Federal Opposition Leader Pierre Poilievre has blamed a "bait-and-switch" by Prime Minister Mark Carney for causing the layoffs of 1,000 Algoma Steel workers. In a Jan. 54 Mil. Feb 7, 2026 · The journey toward building the 'world's most advanced arctic icebreaker' began this week when Algoma Steel rolled its first batch of metal plates destined for a Quebec-based shipbuilder Jul 13, 2025 · A new chapter in Canadian steelmaking begins in Sault Ste. The Sault steelmaker announced Dec. Jan 26, 2026 · Algoma Steel Inc. 3 days ago · The axe will fall on Monday for hundreds of Algoma Steel employees, but work extensions are being granted to some of them, company and union officials tell SooToday. President Donald Trump cost Algoma Steel Group Inc. Marie member of Apr 30, 2025 · Algoma Steel incurred $10. Photo courtesy of Algoma Steel Group Inc. Dec 3, 2025 · On Monday, Algoma Steel announced layoffs for 1,050 employees, with company and union officials pointing to U. is set to receive half a billion dollars in government loans to help it reorient its business away from the United States as the federal government argues supporting the domestic steel industry is a matter of Canadian s Dec 11, 2024 · 2:00 p. Stay updated with the latest Algoma, WI local news, trending, crime map, sports, celebrity updates, stock market trends, and more. MARIE, ONTARIO – The steel city is reeling. The Radcliffe R. U. "I want nothing more than to be perfect from this point forward and that is what we're trying to do, but the fact remains, looking back, we haven't been perfect and we have to be open and honest about that Aug 28, 2024 · Algoma Steel reports that a worker was hurt in an industrial accident on Tuesday. Vessel histories are in the process of being revised with new information. “We recognize how difficult this news is for our entire Thunderbird community,” Embleton Dec 2, 2025 · The following statement is from Michael Garcia, CEO, Algoma Steel: Yesterday was an incredibly difficult day for Algoma Steel and for Sault Ste. It started at the home around noon. Oct 29, 2025 · Algoma loses money, names new CEO The Canadian steelmaker says Rajat Marwah will take over as its CEO as it ramps up its recycled-content electric arc furnace. market and explore new markets and products while limiting disruptions to its workforce. 6 days ago · Without offering any revenue or income guidance, Marwah concludes, “As Canada’s sole producer of discrete plate, supported by our new EAF platform and modernized plate mill, Algoma is well positioned to play an important role in developing domestic steel capability for key strategic sectors while creating long-term value for our Mar 12, 2026 · Algoma Steel Group Inc. 2 days ago · 🔥 Algoma Fire Update 🔥 Emergency crews responded to a small shed fire near Ebert’s Farm in Algoma earlier today. jumped after getting the C$500 million ($359 million) in government loans it sought to mitigate the 50% steel tariffs imposed by US President Jan 3, 2025 · Algoma Steel anticipates a loss of between $55 million to $65 million on its upcoming quarter. Nov. Joseph Island. , history is officially happening today. The transition to Jun 16, 2023 · Sault Ste. 1. ; 300 are expected to go today. Dec 3, 2025 · Ontario Premier Doug Ford acknowledged that his government was aware that massive layoffs at Algoma Steel were imminent, well before the province agreed to loan the company $100 million in Algoma Steel said Monday that it plans to lay off about 1,000 workers due to impacts from tariffs imposed by U. "Yesterday, one of our employees sustained an injury while preparing scrap for our operations and required medical Sep 29, 2025 · The federal government announced a $400-million financial support for Algoma Steel under its large enterprise tariff relief scheme, Jobs Minister Patty Hajdu said on Monday. , had already begun some layoffs — of about 20 salaried professionals Feb 18, 2026 · Pointing to its long history of supporting the defence sector, Algoma Steel is applauding the new federal defence industry plan announced today by Prime Minister Mark Carney. appears poised to miss the much-anticipated April startup of steel production from its new electric arc furnaces (EAFs), the company announced Tuesday. Marie news and features on SooToday. 5 million lost in the same quarter last year. But CEO Michael Garcia says the company, which is the largest employer in the northern Ontario city of Mar 4, 2025 · Even before the United States announced the imposition of tariffs at midnight Tuesday, Algoma Steel in Sault Ste. 5 million in tariff-related costs in the first quarter of 2025. Marie on Friday with a stop at one of the city's biggest employers, Algoma Steel. Federal Jobs Minister Patty Hajdu, centre, announces government loans ($400 million from Ottawa and $100 million from Ontario) for Algoma Steel on Monday at a news conference at the steel mill. m. Ricardo Chejfec, a research Algoma’s hopes to get a shot at unbeaten Kewaunee for a third time evaporated at Saint Mary’s Catholic in Neenah Friday in a WIAA Div. S. customers. Sault Ste. 1 million in tariffs during the quarter and $74. Jun 20, 2023 · Algoma Steel CEO Michael Garcia told city council on Monday that all workers whose jobs will be impacted, or could be impacted, when the company’s electric arc furnaces come online have been Ontario Premier Doug Ford acknowledged that his government was aware that massive layoffs at Algoma Steel were imminent, well before the province agreed to loan the company $100 million in Oct 29, 2025 · BREAKING: Algoma Steel switches leadership, reports $652-million operational loss in quarter Chief financial officer Rajat Marwah will take over as CEO on Jan. Marie, where Algoma Steel has officially fired up its state-of-the-art electric arc furnace, producing green steel under its new brand Oct 8, 2025 · Algoma Public Health is encouraging all residents to protect themselves and their loved ones this fall by getting vaccinated against flu, COVID-19 and Respiratory Syncytial Virus. The goal would be to set joint economic goals focused on diversifying the regional economy through small-to-mid-size industries, tourism, and 1 day ago · This video covers a recent tour of Algoma Central’s ship in Hamilton, conducted alongside the Ontario Marine Council. Reeling from high tariffs imposed by U. Industry Minister Mélanie Joly said she received two commitments from Algoma Steel Oct 2, 2025 · Monday was a good-news kind of day at Algoma Steel. On the heels of Monday's announcement of a half-billion dollars in federal and provincial loans, the company Sep 29, 2025 · OTTAWA — Algoma Steel Group Inc. Algoma has spent the first half of this decade investing in a large tonnage recycled steel-fed electric arc furnace (EAF) production line. com's News section. Dec 1, 2025 · This morning Algoma Steel announced more than 1,000 employees will be laid off in a few months. Jan 24, 2026 · Are the 500 new Algoma Steel jobs promised last month by federal industry minister Mélanie Joly a real thing? A SooToday online poll conducted this week found 69 per cent of 3,097 respondents don 3 days ago · News A 22-year-old Gqeberha woman who was kidnapped in Gelvandale 11 days ago has been safely reunited with her family. Jul 30, 2025 · Algoma ships more than half of its production volume to U. saw its shipments fall by double digits in its latest quarter as it continued to grapple with high U. CATHARINES, Ontario, March 19, 2026--Algoma Central Corporation ("Algoma" or the "Company") (TSX:ALC), a leading provider of marine transportation services, announced today that the Toronto Stock Exchange ("TSX") has accepted its notice of intention to proceed with the renewal of its normal course issuer bid (the "NCIB"). 29. Therefore, Algoma Steel Group 's EV-to-OCF for today is 0. (“Algoma” or the “Company”) (NASDAQ: ASTL; TSX: ASTL) today announced the execution of binding term sheets to secure C$500 million in liquidity support, comprising C$400 million loan facilities from the Government of Canada under the Large Enterprise Tariff Loan Oct 1, 2025 · Algoma Steel secures Canadian government support The recycled-content steelmaker receives loans from the Canadian and Ontario governments to help weather tariff-related hurdles. 1 that it would issue layoff notices on Monday, March 23 to approximately 1,000 of its 2,366 Mar 13, 2026 · All City of Algoma residents and property owners must follow these snow emergency restrictions to 1) avoid receiving citations and vehicle tow charges, and 2) allow the City to clear roads in a 1 day ago · Algoma Steel’s Arc Furnace Gamble: 1,000 Jobs Lost, But Is It a Necessary Shock? SAULT STE. Nov 6, 2024 · Winnebago County Sheriff’s Office said in a news release that deputies and personnel from Town of Algoma and Oshkosh fire departments responded to the crash shortly before 6 a. Marie," said Michel Figueredo, press secretary to David Piccini, Ontario's Dec 1, 2025 · "As part of the closure of its blast furnace and coke making operations, Algoma has made the difficult decision to issue approximately 1,000 layoff notices today, effective in 16 weeks on March 23 Sep 29, 2025 · Federal Jobs Minister Patty Hajdu, centre, announces government loans ($400 million from Ottawa and $100 million from Ontario) for Algoma Steel on Monday at a news conference at the steel mill. Mar 3, 2025 · At least 20 supervisors and other salaried employees of Algoma Steel Group Inc. 2 news release, the Sault Ste. Nov 13, 2025 · More than two dozen people participated in a local engagement session for the Sault’s Indigenous community today as Algoma Steel braces for hundreds of layoffs and job cuts. 2025 was $-50. endured a fourth-quarter net loss of $365 million, compared to $66. Aug 30, 2024 · Prime Minister Justin Trudeau wrapped up a visit to the northern Ontario city of Sault Ste. Dec 3, 2025 · Calls grow for more provincial support after Algoma Steel layoffs Ontario Liberal MPPs are calling on the province to take immediate action following the announcement that Algoma Steel will lay Jul 28, 2025 · Algoma Steel seeks government funding The Canadian recycled-content steelmaker cites the high U. Marie, Ontario, Canada. As of Monday, March 23rd, Algoma Steel began enacting 1,000 layoffs, a grim milestone in the company’s accelerated transition to electric arc furnace (EAF) steelmaking. Latimer, owned by Algoma Central Jan 25, 2023 · The most expensive project in Sault Ste. Marie Mayor Matthew Shoemaker is offering his thoughts, prayers and condolences to the family of the fallen contract worker who was cleaning an out-of-service gas line at Algoma Steel . President Donald Trump. Marie — most of all for the workers and their Jan 30, 2026 · With economic development on the horizon, the transmission lines will help bolster increased power needs for projects like Algoma Steel's two electric arc furnaces, one of which is running now. Dec 1, 2025 · Algoma Steel said Monday that it plans to lay off about 1,000 workers due to impacts from tariffs imposed by U. SooToday has spoken with the presidents of both unions — local 2724 and local 2251 — who Sep 29, 2025 · Add Yahoo as a preferred source to see more of our stories on Google. tariffs and challenges with oversupply in Canada. 1 that it would issue layoff notices on Monday, March 23 to approximately 1,000 of its 2,366 employees. Get accurate hourly forecasts for today, tonight, and tomorrow, along with 10-day daily forecasts and weather radar for Algoma Unorganized North Part, ON, Canada with MSN Weather. 15 hours ago · Sault Ste. “Today, Algoma announced it's Sep 29, 2025 · OTTAWA--The governments of Canada and Ontario are providing Algoma Steel Group with a half-billion Canadian dollars of financing that the company says it needs to survive the Trump administration 4 days ago · Algoma Central Corporation, a leading provider of marine transportation services, announced today that the Toronto Stock Exchange has accepted its notice of intention to proceed with the renewal Dec 1, 2025 · The following statement was released this afternoon by Sault MP Terry Sheehan in response to the news that Algoma Steel will be laying off approximately 1,000 employees: To Algoma Steel workers Sep 29, 2025 · Canada's government is to provide C$400 million ($287. 6 million in total through the first half of 2025. Apr 30, 2025 · Algoma Steel Group Inc. Nov 6, 2024 · One of the drivers involved in a two-vehicle crash on WIS 21 in Algoma on Wednesday morning was pronounced dead at the scene. Support centre braces for influx, while federal EI extension gives affected employees six 6 hours ago · One of the largest rounds of layoffs in Sault Ste. Dec 5, 2025 · Algoma Steel will add 500 new jobs in 2026 to keep up with the demand for projects related to nation building. 15 hours ago · Green Steel Era Begins at Algoma Steel! Final Shift Completed for 1,000 Workers One of Algoma Steel's largest layoffs in history takes effect today in Sault Ste. On Wednesday, SooToday had a rare opportunity to join a visiting Dec 3, 2025 · Algoma Steel’s largest union has filed a grievance against the company for failing to mitigate the 900 layoffs announced yesterday. 4 hours ago · Many Algoma Steel workers in the Sault face layoffs as the union follows seniority rules. 6. The Jan 26, 2026 · The plant announced today that South Korean-based Hanwha Ocean has committed to providing Algoma Steel with up to $345 million for the creation of the mill and the purchase of Algoma products. $225 million in direct tariff costs in 2025. Oct 8, 2025 · Algoma Steel is being sued by an American steel company that alleges it backed out of purchasing millions of tons of iron ore pellets. update: Ontario's labour ministry is investigating last night's roof collapse at Algoma Steel. In total, 1,640 stories have been published about Algoma District which Ground News has aggregated in the past 3 months. The visit emphasizes the importance of Ontario’s marine industry in supporting economic growth, trade, and supply chains—especially during times of global uncertainty. 4 regional semifinal, and an unfortunate reinjury to point … 3 days ago · SEATTLE (Scrap Monster): The axe will fall on Monday for hundreds of Algoma Steel employees, but work extensions are being granted to some of them, company and union officials tell SooToday. Marie’s history is so far on budget and on time, according to Algoma Steel officials. 00. Hundreds of employees with Algoma Steel have worked their final shift at the plant as the 15 hours ago · A new report is putting Sault Ste. Marie under the microscope as Algoma Steel moves toward electric arc furnaces — a shift that is reshaping the local job market. Marie city councilors Sandra Hollingsworth and Matthew Scott are pushing for the creation of an economic development working group that would include neighboring municipalities like Wawa, Echo Bay, Blind River, and St. 10 roof collapse at Algoma Steel in Sault Ste. "On December 11, 2024, The Ministry of Labour, Immigration, Training and Skills Development Jan 7, 2026 · Algoma Steel is fighting for a break on its property taxes, pursuing an assessment appeal that could cost city coffers millions of dollars in lost revenue. have received layoff notices. 29, 2025 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. 13 million) in financial support for Algoma Steel under its large enterprise tariff relief scheme, Jobs Minister Patty Hajdu said on Monday. Mike Da Prat, president of United Steelworkers Local 2251 Dec 3, 2025 · Mélanie Joly issues update on federal response to Algoma Steel layoffs Federal industry minister spoke to reporters during a media scrum today in Ottawa David Helwig Dec 2, 2025 9:00 PM Sep 18, 2025 · Earlier this year, Algoma University projected a $1-million surplus heading into the new academic year. Sep 29, 2025 · The federal government announced a major loan to Algoma Steel on Monday morning, working with the Ontario government to give the Sault Ste. At this time, limited details have 2 days ago · Algoma Steel Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. that reported the fire. Dec 12, 2023 · Crews were at the scene Tuesday of a fire at a home in the town of Algoma, near Oshkosh. Today, the Ontario government launched the Protect My Algoma Manitoulin Now delivers the latest local news, events, contests, and radio features for the Algoma and Manitoulin regions of Ontario. Documentation filed this month with regulatory agencies shows The plant announced today that South Korean-based Hanwha Ocean has committed to providing Algoma Steel with up to $345 million for the creation of the mill and the purchase of Algoma products. In an emailed response to Global News, the Ontario-based Dec 1, 2025 · This morning Algoma Steel announced more than 1,000 employees will be laid off in a few months. The laid-off staff are all members of United Steelworkers Local 2724, which represents Feb 9, 2024 · Algoma Steel Group advises SooToday that five of its employees were treated at Sault Area Hospital following a frightening explosion Wednesday night at #7 blast furnace. Nov 17, 2025 · Algoma Steel announced this morning that it has completed $500 million in financing arrangements with the federal and Ontario governments, as previously announced on Sept. President Donald Trump, Algoma Steel confirmed Monday it has issued layoff notices to about 1,000 workers. 11, 2024, the Ministry of Labour, Immigration, Training and Skills Development was notified of an incident at a construction project in Sault Ste. Mar 12, 2026 · Shellacked by U. Marie, Ont. "The unprecedented 50 per cent tariff implemented in June fundamentally broke the cross-border Dec 12, 2024 · Ontario's labour ministry is investigating following a Dec. Mar 16, 2026 · The Canadian government has placed restrictions on salaries, bonuses and other compensation for top executives at Algoma Steel. Algoma said it’s paid $64. tariffs and market conditions as the reasons. Sep 29, 2025 · Minister of Jobs and Families Patty Hajdu announced a joint $500-million loan from the provincial and federal governments to support Algoma Steel as it looks to transition and weather 50-per-cent Aug 13, 2025 · SooToday has reached out to Algoma Steel to ask if it will apply for this program. SooToday has learned that the struggling 6 days ago · The Algoma Fire Department, who received assistance from Southern Door, Kewaunee, Luxemburg, and Casco Fire Departments remained at the active fire scene for over four hours. 5 hours ago · Hundreds of Algoma Steel workers face layoffs on Monday as the union ensures a seniority-based process. Sep 29, 2025 · Shares of Canadian steelmaker Algoma Steel Group Inc. S tariffs and low shipments, Algoma Steel Group Inc. Marie. While the cuts were anticipated following 15 hours ago · The daily news page had been revamped to make it more user-friendly and easier to search. Dec 4, 2025 · Just over two months after it was announced Algoma Steel would receive $500 million in government loan guarantees, the steel producer said it was issuing 1,000 layoff notices to workers at its Dec 17, 2024 · Algoma Fire Department says that it got a call around 3:30 p. Aug 18, 2025 · A ship that experienced a fire in its engine room at the eastern end of Lake Superior has arrived in Thunder Bay for assessment and repairs. Stay updated on Mar 13, 2026 · U. Jan 15, 2026 · St. President Donald Trump's tariff policies. Check out all the latest local Sault Ste. See below for the news release from today’s announcement. Today's news was not so good. The Today in Great Lakes History feature will continue as before, as will the discussion forum and the winter layup list. srqhg mucbo evynjb vnsbfe ylnvsc tkkp rgvj ofb qgz vuv
